ARTICLES ABOUT FINANCIAL ASSETS BY DATE - PAGE 2

MUMBAI: Equity mutual funds have increased their market share in the total mutual funds pie over the last one year, data from the Association of Mutual Funds of India (AMFI) showed. The equity funds' assets under management (AUM) as a percentage of total mutual funds AUM jumped to 24% in October from 18% in the year-ago month. In value terms, AUM of equity mutual funds increased to Rs 262,838 crore from Rs 149,832 crore, according to AMFI data. "Change in debt taxation , positive inflows into equity funds and the markets moving up have led to this change in ratio," said Vishal Dhawan, chief financial planner at Plan Ahead Wealth Advisors.

In a chat with ET Now, Sashi Krishnan , CIO, Birla Sun Life Insurance, talks about the market and some sectors as well as shares his macroeconomic outlook. Excerpts: ET Now: We are trading at practically new highs today. New highs for the spot Nifty as well, banking is leading the indices higher, there is no sign of an impending correction. What is the view that you have because you would be getting inflows consistently, are you deploying them, are you waiting for that correction?

LONDON: Marking a substantial increase, global shadow banking assets climbed by $ 5 trillion to $ 75 trillion last year, with euro area and the United States accounting for one-third of the total, says a report. In its latest report, the Financial Stability Board (FSB) also said these assets account for about 25 per cent of the total financial assets. Broadly, shadow banking refers to credit intermediation involving entities and activities outside of the regular banking system.

Rishi Chopra runs a successful family-owned pharmaceutical company, while Tara Sarabhai is the head of human resources at a software firm. Both of them are in their late 30s and are doing well in their respective fields. They have been dating for two years and have now decided to tie the knot. However, before doing so, they want to take a decision on the fate of their finances in case the marriage does not last. How should they do it correctly, yet discretely? Most people do not think of divorce at the time of solemnising a marriage.

MUMBAI: The country's international investment position (IIP) has deteriorated during the June quarter as net claims of non-residents rose $ 12.6 billion to $ 346.6 billion following a sharper rise in the value of foreign-owned assets in the country vis-a-vis rise in the value of residents' financial assets abroad. "Net claims of non-residents on the country, as reflected by the net IIP, rose $ 12.6 billion to $ 346.6 billion at the end of the June quarter from the previous quarter," the Reserve Bank has said.

NEW DELHI: The foreign-owned assets in India increased by $ 22.9 billion over the previous quarter to $ 839.3 billion during the quarter ended June 2014, according to RBI. This is mainly due to increase of $ 10.6 billion in portfolio investment in India and increase of $ 7.6 billion in direct investment into the country. Among other investment liabilities, currency and deposits increased by $ 2.4 billion and loans (mainly external commercial borrowings) rose by $ 1.2 billion, according to Reserve Bank data on International Investment Position (IIP)

By Soumya Kanti Ghosh In a series of recent interviews, Reserve Bank of India governor Raghuram Rajan warned of a 'crash' should there be sudden reversal in risk perception already distorted by unconventional monetary policies in the West. The rational response to the exuberance in the prices of financial assets is that they have always been irrational. And Rajan may be right this time! Global economic outlook is grounded in optimism despite data showing the contrary. Interestingly, the word 'geopolitical' appeared only once in RBI's June statement; in August it appeared thrice.

Rajiv Rajendran, a 40-year-old Bangalore-based IT executive, has for some time been hunting for investment products that will benefit directly from the economic recovery. He has been advised to invest in banking and financial sector funds. But Rajendran has reservations about the prospects of these funds after the market's recent run-up. Why invest The banking and financial services sector benefits directly from a pick-up in economic activity. According to Venkatesh Sanjeevi, fund manager, ICICI Prudential Banking and Financial Services Fund: "The Indian economy is at a stage where a number of macro-economic parameters like GDP growth, IIP growth, current account deficit and inflation are improving.

MUMBAI: Household financial savings rates continued to remain low, inching up a paltry 10 basis points to 7.2 per cent of GDP in 2013-14 amid sticky inflation. Savings in deposits by the households rose, however, to Rs 1 trillion (17 per cent) in the year to Rs 6.91 trillion in FY14 as against Rs 5.91 trillion in 2012-13. They constituted about 59 per cent of the gross financial savings, of which about 53 per cent constituted bank deposits. Savings in shares and debentures dropped 22 per cent to Rs 33,700 crore in FY14, from Rs 43,000 in the previous fiscal, according to a RBI report.

WASHINGTON: Hailing Prime Minister Narendra Modi's 'Jan Dhan Yojna', the US-India Business Council (USIBC) today described it as an "important step" toward the next stage of India's social and economic development . In a statement, USIBC said Modi's announcement of "a new pan-India comprehensive financial inclusion plan that expands access to financial services to a wider cross-section of India's citizens" is "an important step...